Sign up now or lose access for good: GCash reminds users of SIM registration deadline

E-wallet app GCash said users with unregistered SIMs could lose access to their accounts if they fail to register by the April 26 deadline.

The Ayala-owned e-wallet said access to GCash accounts will be restricted if a person is using an unregistered SIM by the registration deadline. That’s because users won’t be able to receive one-time PINs once their unregistered cell phone numbers are deactivated.

The Department of Information and Communications Technology (DICT) has stood firm on meeting the deadline for registration despite pleas from Globe and Smart Communications for an extension.

BSP to allow pre-termination of peso NDFs

The Bangko Sentral ng Pilipinas (BSP), is set to introduce amendments to its foreign exchange (FX) regulations, allowing for the pre-termination of peso non-deliverable forwards (NDFs).

US steps up crypto crackdown with Coinbase suit

In their second major action against a big crypto player in two days, US regulators sued Coinbase on Tuesday, alleging its failure to register as a securities exchange venue exposed investors to risk.